Does being contrarian always help? Let’s answer this question by going back to early 2022. Was anyone recommending railways stocks then? The answer is no. Come mid-2023, buy recommendations started coming, and by the start of 2024 railway stocks had all the attention. After the 2024 elections, because the government did not announce the kind of numbers that the street expected, there was a de-rating of most PSU stocks, including railways. Things got worse because the market as a whole came under pressure. Today, a majority of analysts have sell recommendations on railways stocks. Will they be proven wrong?
